Welcome to our dedicated page for Clorox Company news (Ticker: CLX), a resource for investors and traders seeking the latest updates and insights on Clorox Company stock.
The Clorox Company (NYSE: CLX) is a globally recognized brand with a diverse portfolio of products that have become household names. Headquartered in Oakland, California since 1913, Clorox is renowned for its commitment to championing everyday wellness and sustainability. The company manufactures and markets cleaning supplies, laundry care products, trash bags, cat litter, charcoal, food dressings, water filtration solutions, and natural personal care products across more than 100 countries.
Clorox holds a significant market share with iconic brands such as Clorox® bleach and cleaning products, Ayudín® and Poett® home care products, Pine-Sol® dilutable cleaner, Fresh Step® cat litter, Kingsford® charcoal, Hidden Valley® and K C Masterpiece® dressings and sauces, Brita® water filtration products, Glad® bags, wraps, and containers, and Burt's Bees® natural personal care products. The company’s products are manufactured in over two dozen countries and marketed internationally.
Recently, Clorox has focused on operational recovery and growth despite challenges, such as a cyberattack in August 2023. The company reported strong recovery and rebuilding efforts, reflecting in its second and third-quarter fiscal results for 2024. Additionally, Clorox continues to innovate and invest in sustainability, achieving milestones like zero-waste-to-landfill status for its plants in Asia and the Middle East.
Strategic moves include divesting its Argentina operations to focus on core businesses, supporting its IGNITE strategy. Clorox’s financial outlook remains robust, with ongoing investments in digital capabilities and productivity enhancements expected to yield significant cost savings and operational efficiencies.
Clorox’s dedication to ESG (Environmental, Social, and Governance) principles has earned it top rankings in sustainability lists. The company remains committed to driving profitable growth while making a positive impact on the environment and society.
The Clorox Company (NYSE: CLX) reported a net sales increase of 2% to $1.8 billion in Q3 FY2022, due to higher shipments across segments. However, gross margin decreased by 760 basis points to 35.9%, impacted by rising manufacturing and commodity costs. Diluted EPS rose to $1.21, a 347% increase from a loss in the prior year, while adjusted EPS fell 19% to $1.31. The fiscal outlook indicates a net sales decrease of 1% to 4%, with diluted EPS projected between $3.60 and $3.85, reflecting a decline of 31% to 35%. Clorox continues to innovate and pursue strategic investments amidst inflationary pressures.
The Clorox Company (NYSE: CLX) has signed a 12-year, 47-megawatt virtual power purchase agreement with Enel Green Power North America to boost its renewable electricity supply starting in 2023. This agreement aims to fulfill Clorox's commitment to 100% renewable energy for its U.S. and Canada operations, covering about half of its electricity needs. The initiative, along with earlier efforts, is expected to reduce CO2 emissions by nearly 160,000 metric tons annually. The move aligns with the company's broader ESG goals, including a target for net zero emissions by 2050.
The Clorox Company (NYSE: CLX) launched the Healthy Parks Project on Earth Day, committing $200,000 to the Oakland Parks and Recreation Foundation. This initiative focuses on enhancing environmental justice by improving access to parks in underserved communities, starting in West Oakland. Over the first year, Clorox aims to contribute over $300,000 to parks organizations where they have a significant employee base. The company promotes community engagement through volunteer events and grants for environmental justice nonprofits, highlighting their commitment to diversity and inclusion.
The Clorox Company (NYSE: CLX) is set to release its third-quarter fiscal year 2022 results on May 2, 2022. A press release and prepared remarks will be posted at 1:15 p.m. PT and followed by a live Q&A webcast featuring CEO Linda Rendle and CFO Kevin Jacobsen at 2 p.m. PT. Clorox, known for brands like Pine-Sol and Glad, reported fiscal 2021 sales of $7.3 billion and employs approximately 9,000 individuals globally. The company is recognized for its commitment to corporate responsibility and sustainability.
Kingsford has launched a new line of Signature Flavors that combines charcoal briquets or pellets with 100% real spices, enhancing grilling experiences. Available in three flavors—Garlic Onion Paprika, Basil Sage Thyme, and Cumin Chili—these products are designed for easy customization. They cater to both novice and experienced grillers, with charcoal briquets releasing flavors as they cook and hardwood pellets for optimal grill performance. The products are available nationwide in sizes ranging from 2 to 17 pounds.
Hamilton Beach Brands, a subsidiary of Hamilton Beach Brands Holding Company (NYSE: HBB), has entered into an exclusive multiyear trademark licensing and product development agreement with Brita, a leader in at-home water filtration. This partnership aims to launch a new line of countertop water appliances later this year, promoting sustainable water filtration solutions. The collaboration is expected to tap into the growing demand for home health and wellness products, a market valued in the multibillion-dollar range. The agreement aligns with Hamilton Beach's strategy to innovate and expand its product offerings in health-focused categories.
On March 10, 2022, Hidden Valley Ranch unveiled a unique 2-carat diamond, crafted from its iconic seasoning, in celebration of National Ranch Day. This one-of-a-kind diamond, created through a meticulous process involving extreme heat and pressure, will be auctioned off until March 17, with a starting bid of $310. All proceeds will support Feeding America, with every dollar providing at least 10 meals. The roll-out coincides with a rise in proposals and weddings, with the winning bidder receiving the diamond just in time for National Proposal Day on March 20.
The Clorox Company (NYSE: CLX) has announced a quarterly dividend of $1.16 per share, payable on May 13, 2022, to stockholders of record by April 27, 2022. With nearly 20 consecutive years of dividend increases, Clorox continues its strong history of delivering shareholder value. In fiscal year 2021, the company reported sales of $7.3 billion and maintains market-leading positions in over 80% of its product categories. Clorox is also recognized for its corporate sustainability efforts, ranking on notable environmental and equality indices.
Clorox announced a partnership with Athletes for Hope to expand its AFH University program to Clark Atlanta University, Emory University, and Morehouse College. This initiative aims to promote social change through community service by engaging college athletes. Clorox is also the Official Cleaning and Disinfecting Partner of the NBA and plans to support local volunteer events in Atlanta. The company reported fiscal year 2021 sales of $7.3 billion and is recognized for its corporate responsibility efforts, contributing $20 million in cash grants and donations.
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